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4240 Motor Avenue

4240 Motor Avenue, Culver City, CA 90232
Property in Park East
Sold Mar 21, 2018
$2,940,000
$2,865,000 by Wst Partners Llc
Mortgage
Sold Nov 15, 2016
$1,370,000
$948,500 by Us Bank Na
Mortgage Due Dec 01, 2046
4240 Motor Avenue has been categorized by the local assessors in Culver City, CA as a residential type of property. The building on the property was first built in 2017 and is 7 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 4240 Motor Avenue has 3,451 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,160 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,776 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 4240 Motor Avenue sold most recently in Mar 15, 2018 for a total of $2,940,000. If you work out the math, that's approximately a cost of $851.93 per sqft. Before that, the property was also sold for $1,370,000 in Oct 19, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $35,386 in taxes each year. 4240 Motor Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,215,316. If we break it down further, the land itself was valued at $1,285,032. Improvements to the property, however, were assessed at a total of $1,930,284. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,776
  • Lot Size Depth Feet: 1,160
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,451
  • Building Area: 3,451
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 3,451
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1
  • Land Acres: 0.133
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 1OO78 LOT/SEC 320

Ownership

  • Current Owner : THOMPSON BRAD
  • Current Owner 2: THOMPSON BRUNA
  • Previous Owner : SAJAWAL TOFIQ
  • Owner Before Previous Owner: WITT II ROBERT M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Culver City Unified School District
  • Census Tract: 702501

Zoning

  • Zoning: CCR1YY

Geography

  • Assessors Map Reference: 50-C1
  • Subdivision Tract Number: 1
  • Parcel: 4209-010-008
  • Lot: 320
  • Municipality: WEST /CULVER CITY
  • Latitude: 34.014
  • Longitude: -118.397

    Address

  • Full Address: 4240 Motor Ave
  • Address - House Number: 4240
  • Address - Street Name: Motor
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Culver City
  • Carrier Code: C010
  • 4-Digit Zip Code: 3417
  • Zip Code: 90232

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $35,386
  • Tax Rate Code Area: 03-170

    Appraisal Valuation

  • Standard Deviation: 0.2321
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 67
  • Final Value: 3,029,295
  • High Value: 3,732,431
  • Low Value: 2,326,160

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $3,015,000
  • First Open Lien Mortgage Lender: WST PARTNERS LLC
  • First Open Lien Mortgage Recording Date: Mar 21, 2018
  • First Open Lien Mortgage Loan Amount: $2,865,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: WST PARTNERS LLC
  • Second Open Lien Mortgage Recording Date: Aug 02, 2018
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,215,316
  • Assessed Land Value: $1,285,032
  • Assessed Improvements Value: $1,930,284

    Sales

  • Current Sale Contract Date: Mar 15, 2018
  • Current Sale Recording Date: Mar 21, 2018
  • Current Sale Transaction ID: 11437151543
  • Current Sale Price: $2,940,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 18-0269259
  • Previous Sale Recording Date: Nov 15, 2016
  • Previous Sale Contract Date: Oct 19, 2016
  • Previous Sale Amount: $1,370,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WST PARTNERS LLC
  • First Mortgage Transaction Date: Mar 21, 2018
  • First Mortgage Loan Amount: $2,865,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: US BANK NA
  • Previous Mortgage Transaction Date: Nov 15, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $948,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Dec 01, 2046

About Park East



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Frequently Asked Questions

What neighborhood is 4240 Motor Avenue located in?
The 4240 Motor Avenue is a located in the neighborhood of Park East in Park East, Culver City.
What is the average sales price for listings in 4240 Motor Avenue?
The average sales price for units in 4240 Motor Avenue is $0 currently.

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